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India-focussed offshore funds, ETFs see $5-bn outflow in March quarter

In comparison, a net outflow of $2.1 billion was witnessed during the quarter ended December

ETF
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India-focussed offshore ETFs registered a net withdrawal of $3.6 billion

Agencies New Delhi
India-focussed offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of $5 billion in three months ended March 2020, making it the eighth consecutive quarter of withdrawal amid the pandemic, according to a Morningstar report.

In comparison, a net outflow of $2.1 billion was witnessed during the quarter ended December. Since the quarter ended June 2018, the category has lost $16.3 billion of net assets.

The two are some of the eminent investment vehicles through which foreign investors invest in Indian equity markets.
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